Citic Pacific Ltd. said it will buy the assets of its Chinese state-owned parent, Citic Group, in a deal valued at about 227 billion yuan (US$36 billion) that will lead to the holding company's ...

CITIC Pacific shares have lost around half their value since October. The forex losses forced the company's Beijing-based parent, CITIC Group, to execute a $1.5 billion bailout ...

The management at Citic Pacific is no doubt breathing a sigh of relief after being thrown a lifeline by its controlling shareholder, state-owned Chinese investment company Citic Group. Having ...

HONG KONG (MarketWatch) -- Shares of Citic Pacific soared Thursday as trading resumed following the appointment of Chang Zhenming as the Hong Kong conglomerate's new chairman and managing director ...

Citic Pacific Ltd., builder of the world’s biggest magnetite mine, said full-year profit gained 9 percent even as losses at its iron ore unit doubled. Net income was HK$7.6 billion ($980 million ...

Citic Beijing owns a 20 per cent stake in the network. Yesterday's announcement comes despite repeated claims by Citic Pacific that the licence application was in its final stages.

HONG KONG (Reuters) - Chinese conglomerate CITIC Pacific <0267.HK> became the latest victim of global financial market turmoil on Monday after warning of potential foreign exchange losses of ...

Citic Pacific Ltd. said it will buy the assets of its state-owned parent, Citic Group, in a cash-and-stock deal worth about 227 billion yuan ($37 billion) -- leading to the parent's being listed ...